SAO PAULO, Dec. 18, 2012 /PRNewswire/ -- As companies look to enhance their supply chain capabilities in rapidly changing markets, Ernst & Young announced today that Axia Value Chain, a leading management consulting firm, has joined Ernst & Young Terco.

"Axia differentiates Ernst & Young Terco in the Brazilian market and throughout the world by proposing a new model for business management and client support," said Jorge Menegassi, CEO of Ernst & Young Terco. "It's a new mindset that translates and simplifies management and the decision-making process by embracing a disruptive and unpredictable new age of business as part of the norm. We both seek to help accelerate the business performance of our clients."

The deal results in an integration of several consulting services, focused on the transformation and protection of business, encompassing business strategy, market and risk management, supply chain, financial and fiscal optimization, human and organizational development, sustainability, innovation and product development, and information technology for decision-making.

Axia serves Brazilian companies with operations in the country and abroad, including China, Slovakia, the United States and Latin America. Axia saw 38% growth in FY12 and revenues of more than R$35 million (US$17 million).

"Today's move also reflects the drive Ernst & Young is making in emerging markets to better serve clients across the globe," said Bob Patton, Vice Chair, Americas Advisory Services, Ernst & Young. "Our global strategy is about having the best talent in the locations where clients need to do business and linking those teams to their colleagues around the world. This integrated, multinational approach is critical for giving clients 360 degree service."

Axia Value Chain is a Brazilian consulting firm in business management focused on delivering results and value creation. In its 10 years, the company consulted on more than 150 projects, serving Brazilian companies with operations in the country and abroad. Its team of more than 140 consultants comprises professionals in a wide variety of disciplines.

About Ernst & Young and Ernst & Young Terco

Ernst & Young is a global leader in Assurance, Tax, Transaction and Advisory Services. Worldwide, our 167,000 people are united by our common values and an uncompromising commitment to quality. We make a difference by helping our people, our clients and wider communities to achieve their potential in a competitive world.

In Brazil, Ernst & Young Terco is a consulting and audit firm, with 4,900 professionals that support and serve more than 3,500 clients across all sectors.

In 2011, Ernst & Young Terco became an Official Supporter of the 2016 Rio Olympic Games and the exclusive supplier of consulting and audit services to the Organizing Committee. Shared values with the Olympic Movement were a decisive factor in this partnership.

This press release is being issued by Ernst & Young Terco.

Ernst & Young Terco Brasil

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